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Correction is over?

Correction is over? | 21 August 2015

21 August 2015, USD/JPY

The break down, which was expected by us, has happened, thereby finishing the formation of the wave b of [5].

Now, in the future we may expect resumption of growth within the frames of development of the final diagonal triangle, but to be more confident, we should wait for the first micropulse upward waves.

Only after that we may try to open long positions with the target on the upper border on the forming diagonal.

The correction is completed?

Vasiliy Lukin
FreshForex Analyst
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